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Whilst this instant valuation provides a guideline, your local Newton Fallowell property expert will be in touch to provide a more accurate valuation taking into account improvements to your property, the local market and more.

Syston Tenants Fees

When you apply for a property through us there will be fees payable upon application. Please see the below fee scales which will help you to understand these fees and when you will need to pay them. All Fees are inclusive of VAT at the current rate.

Please note that we are members of The Property Ombudsman (Independent Redress Scheme) and we are not covered by Client Money Protection (CMP).

Referencing Fee - The referencing fee includes referencing, this will include a credit check, employer reference and current or previous Landlords reference if applicable.

Referencing Feerent below £650 - £250 for up to 2 applicants

Referencing Fee rent above £649 - £300 for up to 2 applicants

Tenancy Setup Fee - £120 per property. A one off fee for the tenancy agreement preparatrion and inventory. The fee will also include preparing a tenancy agreement, the inventory, the check-in and the transfer of all the utilities. *The balance of fee’s becomes payable prior to occupation of the property.

There may be further fees that will apply dependent on your circumstances these include:

Additional Applicant - £50 Any additional applicants above the amount included in the tenancy setup fee. This will be for referencing and processing the application.

Guarantor - £50 You may be required after your referencing has taken place to provide a guarantor for the rent. This is not uncommon and they would also need to be referenced to ensure they have enough earnings to fulfil the rent in the event that you are not able to. This fee is per Guarantor required and covers the cost of referencing and providing a deed of guarantee to be included in the tenancy agreement.

Mid Tenancy Re-referencing - £50

Refund of overpayment - £10

Amendment Fee - £50 If a change is required during the term of the tenancy agreement they may be a charge, these could include alterations to the tenancy agreement due to a change in personal circumstances.

Renewal Fee - Included

Check-out Fee - We do not charge a fee for check-out at the end of the tenancy as it is included in the tenancy setup fee.

If paying by Debit Card there will be an additional charge of 1%. If paying by Credit Card there will be an additional charge of 3% of the total value of the transaction.

Security Deposit - You will also be required to pay a security deposit prior to occupation this will be one Month's Rent Plus £100, In most circumstances this will be lodged with the Deposit Protection Service (DPS). This is dependent upon the Landlord's Terms and Conditions. The deposit amount depends on the rent and the circumstances of the applicants. A higher deposit will be requried if there are pets.

If you require any further information please don't hesitate to contact us: